=Shake Shack (SHAK) reported earnings on Mon 4 Nov 19 (a/h)

Shake Shack beats by $0.05, reports revs in-line; increases FY19 revs, lowers same-Shack sales growth guidance

Reports Q3 (Sep) earnings of $0.26 per share, $0.05 better than the S&P Capital IQ Consensus of $0.21; revenues rose 31.9% year/year to $157.76 mln vs the $157.45 mln S&P Capital IQ Consensus. Same-Shack sales increased 2.0%. Licensed revenue increased 43.3% to $5.4 million. Adjusted EBITDA, a non-GAAP measure, increased 9.1% to $23.3 million. 

Co sees FY19 revs of $592-597 mln, prior $585-590 mln vs. $599.59 mln S&P Capital IQ Consensus; Same-Shack sales growth of 1.5% (prior ~2%)

Preliminary 2020 Outlook: For the fiscal year ending December 30, 2020, the Company is providing the following preliminary outlook: Between 40 and 42 new domestic company operated Shacks to be opened in fiscal 2020. Between 20 and 25, net new licensed Shacks to be opened in fiscal 2020.

Earnings this week : Nov 4 - 8, 19 (wk 45)

Monday (Nov 4)

• Morning: BHC CYOU COHU RACE FE GCI KOS MMYT SOHU S SUP SYY UAA
• Afternoon: AAN ACOR ADUS AOSL APLE APTS AWR BHF BKD BKH BWXT CBT CC CDE CDEV CHGG CPE DIOD DK DOOR ED ELVT ETH EVBG EVER FBM FICO FN FRPT FRTA FTSI GRPN HHC HIG HLIO HPR HR HTZ IFF ITRI JKHY KAMN KMPR KMT LASR LMNX MAR MDRX MOS MYGN NBIX NCMI NTR O OTTR OUT OXY PAHC PBPB PI PLMR PLOW PRU PXD QTS REAL RMBS RNG RYAM SHAK SHO SNCR STE STRL SWM SYKE TCMD THC TNDM TSE UBER VAC VECO WES WTR XEC 

Tuesday (Nov 5)

• Morning: AFI AGN AMRC AMRN ARNC ASC ATH ATHM ATRO AVNS AVTR BCPC BDX BMCH BPMC BSIG CEIX CHH CHK CNK CSWI CTLT EEX EMR ENDP EQM EXPD FI FIS FTDR GEO GLDD GSKY GSX HLNE HSIC ICPT IPHS IPI JLL LAMR LCII LGIH LPX MDGL MGP MNK MYE MYL NEM NOVT NPO NS NWN OCN OXFD PBI PINC PPL PTON RCM REGN RHP RPD SERV SGRY SRC SSTK SXC TA THR TLRA TPR TRVG UNT UNVR USAC USFD VCEL VIRT VPG VRTV VST WBT WLK ZBH
• Afternoon: ACHC AKCA ALRM Y ATUS AVD ANDE AINV AIZ AVLR BTG BEAT WIFI CZR CARG CDK CENX CNO COHR CMP CPSI SCOR CPS CSOD CCRN CWK DVA DVN FANG DEI EVRI ES EVH FATE FRGI FIVN FLDM FTR GTES GTE GPRE GHL GWPH HCKT HCR HST HUBS ICHR IOSP INGN INSP PODD IPAR IRTC JAZZ KAR KRG KTOS KPI LC LGND LTHM MTCH MBI MCHP MODN MWA NP NEWR NUS OAS OHI OPK PE PAYS PAA PAGP PLT PTLA PRMW PRA RDUS RRGB RRR RGNX SWIR SSRM SXI INN SUPN CGBD TSLX TRUP TWO RARE VGR VOYA WMC WLL WW

Wednesday (Nov 6)

• Morning: AES XLRN AYR ALE AMRX ANIP WAAS GOLD BKI BLMN BCOR BR CSTE CPRI CRCM CARS CBRE FUN GIB CRL IMOS CIR CWEN CNHI CNR COTY CVIA CVS CYBR DEA ELAN ENBL ESPR GLOG GCP GEL HZNP HUM NSIT IONS JELD KELYA KL LAUR LXP LL MFA MIDD NYT NXST DNOW ODP OMI PZZA PFGC PRGO DOC RDWR SMG SEE SQNS SBGI SND VNTR VER VG VMC WNC WD WEC WEN WLH
• Afternoon: AIMT, ATSG, ALB, LNT, UHAL, AEL, ANGI, ANSS, AAOI, ASRT, ATO, EQH, AXGN, BIDU, BAND, BNFT, BL, BRKS, CECO, CVNA, CTL, COLL, CNDT, CXW, DAR, DCP, DXCM, DXPE, DVAX, ELF, EGAN, ERI, EBS, ECPG, ET, ELF, ENS, EOG, EVRG, EXPE, STAY, FG, FISV, FIT, FLT, FLO, FLNT, FSCT, FOSL, FOXA, GKOS, GMED, GLUU, GDDY, LOPE, HOLX, TWNK, IAG, ICFI, IAC, IVC, NVTA, IQ, KGC, LCI, LHCG, RAMP, MFC, MRO, MTRX, NTRA, NKTR, NVRO, NEX, OSUR, ORA, OR, PAAS, PGRE, PK, PDCE, PLYA, PRI, PROS, PSEC, PRSC, PBYI, QTWO, QCOM, QUOT, RP, RDFN, RCII, REZI, ROKU, RGLD, RUBI, SAIL, SGMO, WTTR, SEDG, SJI, SWX, SPTN, SQ, SLF, SUN, TLND, TTGT, TXMD, TMST, TPIC, TRIP, TCX, TPC, UPWK, VVV, VNDA, VERI, VSLR, WK, WMGI, WYNN, ZAGG, ZAYO 

Thursday (Nov 7)

• Morning: ACIW, ADNT, WMS, APD, AMC, ABC, MT, AVA, AZUL, BCC, CAH, ECOM, CBB, CLVS, CCOI, CMCO, COMM, CORE, COT, DNR, DISCA, DISH, SATS, EPAM, EVOP, AG, FOCS, GOGO, GTN, HAIN, HL, HIMX, HII, INXN, JCI, KDP, KTB, KOP, LXRX, MBUU, MCFT, MDP, VIVO, MSGN, NHI, EYE, NLSN, NBL, NOMD, NCLH, NVMI, NRG, OGE, PCRX, PRTY, PRFT, PGTI, PNW, PLUG, RL, RLGY, SBH, SEAS, SNH, STRA, TGNA, TSG, TWI, THS, GTS, TGI, USPH, VSTO, WRK, WWW, ZTS 
• Afternoon: AAXN, AGO, AGS, AIRG, AL, ALTR, AMBC, AMH, AMPH, ANAB, AQN, ARLO, ARNA, ATVI, AVID, BE, BEDU, BGNE, BKNG, BOLD, CABO, CDAY, CHUY, COLD, CORT, CTRE, CUTR, CWH, CYRX, DBX, DIS, EB, ENLC, ENV, FARM, FSLY, G, GDOT, GH, GPRO, GSBD, IVR, JAG, JJSF, KIDS, KRO, KSHB, LADR, LPSN, MAIN, MATX, MED, MIME, MITK, MMI, MNST, MOD, MRAM, MTD, MTW, NCR, NDLS, NLOK, NNBR, NNI, NVEE, NWSA, ONTO, PEGA, PEN, PETQ, PLNT, PRAA, QHC, QNST, RBA, RLJ, RVLV, SCPL, SEMG, SGMS, SIEN, SPPI, SRPT, STMP, SVMK, SWAV, SWCH, TDC, TIVO, TRHC, TROX, TRUE, TTD, TTWO, TUSK, TXG, UEPS, UNIT, UPLD, VRTU, VSAT, WPRT, WSC, WTRH, XOG, YELP, ZG, ZGNX, ZIOP

Friday (Nov 8)

• Morning: AER, AEE, EPAY, CLNY, DRH DUK, ENB, ERF, ETM, ESNT, FLY, GTX, GNLN, HMC, MSG, MGA, ZEUS, REV, SSP, SVC, STWD, USCR, UNT

Notable earnings reports: 

• Under Armour (NYSE:UAA), Uber (UBER), Shake Shack (NYSE:SHAK), Marriott International (NASDAQ:MAR) and Bausch Health (NYSE:BHC) on November 4; 
• Booking Holdings (NASDAQ:BKNG), Match (NASDAQ:MTCH), Peloton Interactive (NASDAQ:PTON) and Tapestry (NYSE:TPR) on November 5; 
• Baidu (NASDAQ:BIDU), Square (NYSE:SQ), Roku (NASDAQ:ROKU), Qualcomm (NASDAQ:QCOM), Expedia (NASDAQ:EXPE), Barrick Gold (NYSE:GOLD) and CVS Health (NYSE:CVS) on November 6; 
• Disney (NYSE:DIS), Activision Blizzard (NASDAQ:ATVI), GoPro (NASDAQ:GPRO), Take-Two Interactive (NASDAQ:TTWO), Wynn Resorts (NASDAQ:WYNN), Dropbox (NASDAQ:DBX) and Zillow (NASDAQ:ZG) on November 7; 
• Scientific Games (NASDAQ:SGMS) and Duke Energy (NYSE:DUK) on November 8.

=Shake Shack (SHAK) reported earnings on Thur 1 Nov 2018 (a/h)

Shake Shack beats by $0.08, beats on revs; guides FY18 revs below consensus

Reports Q3 (Sep) earnings of $0.21 per share, excluding non-recurring items, $0.08 better thanthe S&P Capital IQ Consensus of $0.13; revenues rose 26.5% year/year to $119.65 mln vs the $116.81 mln S&P Capital IQ Consensus. Same-Shack sales decreased 0.7% vs +1% estimate

• Shack-level operating profit*, a non-GAAP measure, increased 20.7% to $29.9 million, or 25.8% of Shack sales.
• Total revenue, which includes Shack sales and licensing revenue, increased 26.5% to $119.6 million in the third quarter of 2018, from $94.6 million in the third quarter of 2017. Shack sales for the third quarter of 2018 were $115.9 million compared to $91.1 million in the same quarter last year, an increase of $24.8 million, or 27.2%, due primarily to the opening of 28 new domestic company-operated Shacks.

Co issues downside guidancefor FY18, sees FY18 revs of $450-452 mln vs. $452.16 mln S&P Capital IQ Consensus.

• reaffirms expectations for Same-Shack sales of 0% to 1.0% year over year.
• Between 33 and 34 new domestic company-operated Shacks to be opened in fiscal 2018 (vs. 32 to 35).
• Between 14 and 16 net new licensed Shacks to be opened in fiscal 2018 (vs. 16 to 18, net).

For the fiscal year ending December 25, 2019, the Company is providing the following outlook:

• Between 36 and 40 new domestic company-operated Shacks to be opened in fiscal 2019.
• Between 16 and 18, net new licensed Shacks to be opened in fiscal 2019.

=Shake Shack (SHAK) reported earnings on Thur 2 Aug 2018 (a/h)

Shake Shack beats by $0.11, beats on revs; reaffirms FY18 revs guidance; Q2 comps +1.1%; reaffirms FY18 comp guidance 

• Reports Q2 (Jun) earnings of $0.29 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.18; revenues rose 27.4% year/year to $116.3 mln vs the $110.7 mln Capital IQ Consensus. Same-Shack sales increased 1.1%.
• Co reaffirms guidance for FY18, sees FY18 revs of $446-450 mln vs. $452.15 mln Capital IQ Consensus Estimate.  Same-Shack sales of 0% to 1% year over year (reaffirmed from last year). Between 32 and 35 new domestic company-operated Shacks to be opened in fiscal 2018. Between 16 and 18 net new licensed Shacks to be opened in fiscal 2018.

-=Shake Shack (SHAK) reported earnings on Thur 3 May 2018 (a/h)

Shake Shack beats by $0.07, beats on revs; raises FY18 revs in-line 

• Reports Q1 (Mar) earnings of $0.15 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.08; revenues rose 29.3% year/year to $99.2 mln vs the $96.77 mln Capital IQ Consensus.  Same-Shack sales increased 1.7%. Adjusted EBITD increased 32.8% to $16.2 million.
• Co issues raised guidancefor FY18, sees FY18 revs of $446-450 mln from $444-448 mln vs. $448.44 mln Capital IQ Consensus Estimate. Same-Shack sales to be 0% to 1% year over year (vs. flat).

-=Shake Shack (SHAK) reported earnings on Thur 15 Feb 2018 (a/h)

Shake Shack beats by $0.04, beats on revs; guides FY18 revs below consensus 

• Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.06; revenues rose 31.2% year/year to $96.14 mln vs the $92.8 mln Capital IQ Consensus.
• Same-Shack sales increased 0.8%.
• Adjusted EBITDA, a non-GAAP measure, increased 30.7% to $14.9 million.
• Co issues downside guidance for FY18, sees FY18 revs of $444-448 mln vs. $458.96 mln Capital IQ Consensus Estimate; expects Same-Shack sales to be flat, which includes approximately 1.5% to 2% of menu price increases taken in December 2017.
• 2020 Targets -- By the end of fiscal year 2020, the Company is targeting:
  • At least 200 domestic company-operated Shacks and at least 120 global licensed Shacks, and
  • Over $700 million in total revenue.

=Shake Shack (SHAK) reported earnings Thur 4 May 2017 (a/h)

• Shake Shack posts Q1 earnings beat, comps decline 2.5%
• In the first quarter, Shake Shack profit grew 25% to 10 cents a share as revenue climbed 42% to $76.7 million, topping consensus for 8 cents EPS and $74.7 million in sales. 
• But same-store sales tumbled 2.5% as the premium burger-and-fries chain faced tough comparisons from a balmier Q1 last year that included the allure of Chick'n Shack sandwiches.

Shake Shack Inc. SHAK just released its first quarter fiscal 2017 financial results, posting earnings of 10 cents per share and revenues of $76.7 million. Currently, SHAK is a #3 (Hold) on the Zacks Rank, and is down about 7% to $30.79 per share in trading shortly after its earnings report was released.

Shake Shack:

Beat earnings estimates. The company reported earnings of 10 cents per share, surpassing the Zacks Consensus Estimate of 8 cents per share. This number excludes a penny from non-recurring items.

Beat revenue estimates. The company saw revenue figures of $76.7 million, topping our consensus estimate of $75.4 million and increasing 41.7% year-over-year.

Same-Shack sales decreased 2.5% during the quarter compared to 9.9% growth in the first quarter of 2016. The decline was due to a 3.4% decrease in guest traffic, which was offset by a combined increase in price and sales mix of 0.9%.

Looking ahead, Shake Shack expects revenues between $351 million and $355 million for fiscal 2017. Same-Shack sales growth is forecasted to be flat to prior year (vs. 2% to 3%), including roughly 1.5% to 2% of menu price increases taken at the end of December.

***

Analyst John Zolidis bumped up his rating on Shake Shack to buy from neutral with an unchanged price target of 39, as he believes " the trendy burger chain has now passed its most difficult compares from a same-Shack basis" and is opening new locations "at very robust volumes." He also pointed out that the company's comp base is only 32 stores big, though the optics of same-store sales remains important.

=Shake Shack (SHAK) reported earnings Thur 12 May 2016 (a/h)

Shake Shack beats by $0.03, beats on revs; guides FY16 revs above consensus; Beats Same Shak Sales expectations and raises full year gudiance :

• Reports Q1 (Mar) earnings of $0.08 per share, $0.03 better than the Capital IQ Consensus of $0.05; revenues rose 43.4% year/year to $54.2 mln vs the $52.16 mln Capital IQ Consensus.
  • Same-Shack sales increased 9.9% (Guidance 2.5-3.0%)
  • Shak-level operating profit 28.2% compared to 25.7%
  • Average weekly sales for domestic company-operated Shacks were $90,000 for the first quarter of 2016 compared to $89,000 for the same quarter last year, a 1.1% increase, primarily due to robust traffic growth, menu price increases and solid performance across the existing Shack base, including in new markets.
  • Food and paper costs as % of revenues 28.8% compared to 30.5% in prior year.
  • Labor and related expenses as % of revenue 25.2% compared to 25.2% in prior year. 
• Co issues upside guidance for FY16, sees FY16 revs of $245-249 mln (Prior $237-242 mln) vs. $242.39 mln Capital IQ Consensus Estimate. Same-Shack
  • Same-shak Sales growth between 4% and 5% (vs. between 2.5% and 3.0%).
  • 16 (vs. 13) total new domestic company-operated Shacks to be opened in 2016.
  • Seven licensed Shacks to be opened under the Company's current license agreements in the U.K., Middle East and Japan.
  • Approximately 75 to 100 basis points (vs. 100 to 150 basis points) of deleverage in labor and related expenses as a percentage of Shack sales, on a year-over-year basis.

=Shake Shack (SHAK) reported earnings on Mon 7 March 2016 (a/h)

Shake Shack beats by $0.01, beats on revs; guides FY16 rev in-line:

• Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.07; revenues rose 46.8% year/year to $51.1 mln vs the $50.09 mln Capital IQ Consensus. 
  • Same-Shack sales increased 11.0% for Q4 vs. ests near +7%, on a calendar basis, versus 7.2% growth in the fourth quarter last year.
• Co issues in-line guidance for FY16, sees FY16 revs of $237-242 mln vs. $240.54 mln Capital IQ Consensus; same shack sales +2.5-3.0% vs. estimates just above +3%; 13 new domestic Shacks and seven new licensed Shacks.

Shake Shack (SHAK) reported earnings on Thur 5 Nov 2015 (a/h)

** charts before earnings **

** charts after earnings **

 Shake Shack beats by $0.05, beats on revs; guides FY15revs above consensus; guides FY16 revs above consensus:

• Better than expected earnings and upbeat guidance.
• 
  
• Reports Q3 (Sep) earnings of $0.12 per share, $0.05 better than the Capital IQ Consensus of $0.07; revenues rose 67.5% year/year to $53.3 mln vs the $47.27 mln Capital IQ Consensus.
  • Same Shak Sales- Q3 17.1%; Q2 12.9%; 
  • Operating Profit- Q3 30.4%; Q2 30.3%; Q1 25.7%. 
  • Food & Paper Costs- Q3 29.1%; Q2 29.4%; Q1 30.5%.
  • Labor & Related Costs- Q3 23.7%; Q2 24.0%; Q1 25.2%. 
• Co issues upside guidance for FY15, sees FY15 revs of $189-190 mln vs. $180.33 mln Capital IQ Consensus Estimate (Prior $171-174 mln)
  • SHAK increased it's Same-Shack sales growth of 11-12% (Prior mid- to high-single digits).
  • SHAK new domestic company-operated Shacks to be opened in 2015 to 12 (Reaffirm).
• Co issues upside guidance for FY16, sees FY16 revs of $237-242 mln vs. $228.01 mln Capital IQ Consensus Estimate.
  • Sees Same Shak Sales Growth of 2.5-3.0%.